For nigerian abroad sending money home via crypto the cleanest crypto to naira route in Nigeria.
Wise charges 1-2% and limits transfer amounts. Western Union charges more. Sendwave has limits. Crypto is the fastest, cheapest rail but the recipient needs reliable cashout.
Nigerian diaspora sends $20B+ home annually. A growing share moves through crypto rails.
Send USDT to your family member's Monica deposit address. They withdraw to their Nigerian bank in minutes. No middleman, no compliance theatre.
Choose USDT (most common) (most common for this use case). Copy the permanent address and save it.
Share your Monica address with the sender (client, employer, sponsor, family). Crypto deposits typically confirm in 30s to 3 minutes.
Once confirmed, naira credits to your Monica balance at live rate. Withdraw to your bank Opay, Kuda, GTBank, Zenith, all banks supported.
"Switched from Breet and never looked back. Faster, and the 0% fee is real I checked the maths."
"Good app overall. I wish they added even more coins, but the payout speed makes up for it."
"The rate is the rate. After years of P2P arguments, that peace of mind is everything."
"I run a small business and move money through here weekly. Zero failed payouts so far."
Send USDT to your family member's Monica deposit address. They withdraw to their Nigerian bank in minutes. No middleman, no compliance theatre. The same flow that works for any Monica user deposit crypto to a permanent address, naira credits at the live rate, withdraw to your Nigerian bank in seconds.
USDT (most common), USDC, BTC. All major networks supported. The most common choice for this persona is USDT (most common).
$200–$10,000 per transfer typical. Monica handles all of these verified accounts have ₦50M/24h default limits with higher available on request.
Sub-60 seconds typical. Digital banks (Opay, Kuda, Moniepoint) clear in 5–10 seconds; tier 1 commercial banks (GTBank, Zenith, Access) clear in 30–60 seconds via NIBSS.
No. 0% fees apply universally on Monica. Only onchain network fees (paid to validators/miners) apply, and those exist on any platform.
Monica is Nigerian-focused the conversion is to naira, the bank withdrawal is to Nigerian banks. The crypto deposit can come from anywhere globally.
Yes. Following the CBN's December 2023 reversal of the 2021 banking restriction and the SEC's VASP framework, crypto to naira conversion is legal across Nigeria.
In-app live support is 24/7 with average two-minute response. Common questions for this use case are well-handled.
0% fees, under 60s payouts, all Nigerian banks. Built for the situations Nigerians actually face.
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